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Daily Dispatches
Run for your lives! Fedsters laud credit derivatives
Submitted by cpowell on Thu, 2007-03-22 21:34 Section: Daily DispatchesRise of Credit Derivatives
Said Boon to U.S. Economy
By Krishna Guha
Financial Times, London
Friday, March 23, 2007
http://www.ft.com/cms/s/0a1f8e3a-d8d5-11db-a759-000b5df10621.html
The explosive growth of credit derivatives has strengthened the US financial system, making it more efficient and more resilient, two Federal Reserve governors declared on Thursday.
Let IMF know its new rules should come clean on gold
Submitted by cpowell on Thu, 2007-03-22 18:03 Section: Daily Dispatches5:56p ET Thursday, March 22, 2007
Dear Friend of GATA and Gold:
Back it with gold and everyone will say 'ruble' quite easily
Submitted by cpowell on Thu, 2007-03-22 01:29 Section: Daily DispatchesRussia Struggles to Break Dollar Habit
By Guy Faulconbridge
Reuters
via Yahoo News
Wednesday, March 21, 2007
http://news.yahoo.com/s/nm/20070322/od_uk_nm/oukoe_uk_russia_kremlin_dol...
Bill King: Even Cramer's small hedge fund could manipulate market
Submitted by cpowell on Wed, 2007-03-21 23:47 Section: Daily DispatchesCramer's Big Mouth:
Clip Could Run Afoul of CNBC
By Roddy Boyd
New York Post
Wednesday, March 21, 2007
http://www.nypost.com/seven/03212007/business/cramers_big_mouth_business...
CNBC host Jim Cramer's candor in a now-infamous video clip that has circulated on YouTube may have run afoul of the terms of his broadcast contract, sources told the Post.
India may be indifferent to gold ETFs without delivery of metal
Submitted by cpowell on Wed, 2007-03-21 22:33 Section: Daily DispatchesGold ETFs May Not Be A Big Hit
By Ashutosh Joshi
Business Standard, Mumbai
Thursday, March 22, 2007
http://www.business-standard.com/common/storypage.php?autono=278490&left...
IMF is changing rules to prevent double-counting of leased gold
Submitted by cpowell on Wed, 2007-03-21 15:06 Section: Daily Dispatches3p ET Wednesday, March 21, 2007
Dear Friend of GATA and Gold:
Resource Investor's Jon A. Nones today confirmed that the International Monetary Fund is heeding GATA's longstanding complaint and the immense work of Blanchard & Co.'s vice president for research, Neal Ryan, and is rewriting its rules to prevent the double counting of gold leased by central banks.
Ted Butler: After the deficit
Submitted by cpowell on Tue, 2007-03-20 18:11 Section: Daily Dispatches6:05p ET Tuesday, March 20, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary, "After the Deficit," explains why he thinks the decades-old inventories of silver are nearly exhausted. You can find it at GoldSeek's companion site, SilverSeek, here:
http://news.silverseek.com/TedButler/1174410013.php
CHRIS POWELL, Secretary/Treasurer
Liberty Dollar fights back, seeks injunction against U.S. Mint
Submitted by cpowell on Tue, 2007-03-20 17:55 Section: Daily DispatchesLiberty Dollar Press Release
via PRNewswire
Tuesday, March 20, 2007
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/0...
EVANSVILLE, Indiana -- Liberty Dollar today filed suit against the U.S. Mint in U.S. District Court in Evansville.
Ya think? Newcrest contemplates end of gold, copper hedges
Submitted by cpowell on Tue, 2007-03-20 17:44 Section: Daily Dispatches5:36p ET Tuesday, March 20, 2007
Dear Friend of GATA and Gold:
MineWeb reports that Australia's Newcrest Mining Ltd. says it's not likely to do any more hedging of its gold and copper production. The company's CEO, visiting financial analysts in North America, is quoted as remarking that Newcrest's hedging has been "constraining" the company's earnings.
The more gold Dutch central bank sold, the higher the price went
Submitted by cpowell on Tue, 2007-03-20 17:30 Section: Daily DispatchesFrom Dow Jones Newswires
via Nasdaq.com
Tuesday, March 20, 2007
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20070320%5cACQDJO...
AMSTERDAM -- The Dutch central bank, DNB, sold 54 metric tons of gold in 2006, it said in a press release Tuesday.
Its gold supplies therefore stood at 640 tons at the end of December 2006.
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